The No Child Left Behind Act

question 5

Multiple Choice

The No Child Left Behind Act

• A) increased state authority over education policy but provided greater federal funds for education.
• B) dramatically increased state authority over education policy.
• C) was part of the reversal of the devolution movement.
• D) was the last significant piece of legislation that contributed to devolution of authority to the states.
• E) was the centerpiece to President George W. Bush's version of "new federalism."

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Definitions:

Corporate Tax Rate

The percentage of a corporation's profits that is paid to the government as tax, varying by country and sometimes by the size or type of business.

Enterprise Multiple

A ratio used to determine the value of a company that takes into account its debt and equity, calculated by dividing the enterprise value by EBITDA.

EBIT

Known as Earnings Before Interest and Taxes, this financial gauge calculates a firm's profitability without considering interest and income tax charges.

Average Collection Period

The average number of days it takes for a company to collect payments from its customers, a measure of the efficiency of its credit policies.